Form N-358 Healthcare Preceptor Income Tax Credit - Hawaii

What Is Form N-358?

This is a legal form that was released by the Hawaii Department of Taxation - a government authority operating within Hawaii. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form N-358?
A: Form N-358 is the Healthcare Preceptor Income Tax Credit form in Hawaii.

Q: What is the Healthcare Preceptor Income Tax Credit?
A: The Healthcare Preceptor Income Tax Credit is a tax credit in Hawaii for healthcare professionals who serve as preceptors for students.

Q: Who is eligible for the Healthcare Preceptor Income Tax Credit?
A: Healthcare professionals in Hawaii who serve as preceptors for students are eligible for the tax credit.

Q: What is the purpose of the Healthcare Preceptor Income Tax Credit?
A: The purpose of this tax credit is to incentivize healthcare professionals to serve as preceptors and mentor the next generation of healthcare providers.

Q: How much is the Healthcare Preceptor Income Tax Credit?
A: The tax credit is equal to $10,000 for each tax year in which the healthcare professional serves as a preceptor.

Q: How do I claim the Healthcare Preceptor Income Tax Credit?
A: You can claim the tax credit by filing Form N-358 with your Hawaii state income tax return.

Q: Are there any limitations or requirements for claiming the Healthcare Preceptor Income Tax Credit?
A: Yes, there are certain limitations and requirements, such as minimum hours of preceptorship and certification by an accredited healthcare education program.

Q: Is the Healthcare Preceptor Income Tax Credit available in other states?
A: No, this tax credit is specific to Hawaii and is not available in other states.

Q: Are there any deadlines for filing Form N-358?
A: The tax credit is available on a first-come, first-served basis until the annual cap is reached, so it is recommended to file the form as soon as possible.